Zacks Investment Research Upgrades Salisbury Bancorp (SAL) to Hold
Salisbury Bancorp (NASDAQ:SAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
According to Zacks, “Salisbury Bancorp, Inc. is a holding company that operates through its wholly owned subsidiary, Salisbury Bank and Trust Company. The Company’s products and services are all of a nature of a commercial bank and trust company. The Bank is a full-service bank offering a range of commercial and personal banking services. The Bank is engaged in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate, consumer and small business loans. It also offers trust and investment services. The Company operates offices located in Canaan, Lakeville, Salisbury, and Sharon, Connecticut, as well as in Sheffield and South Egremont, Massachusetts, and Dover Plains, New York; and a trust and investment services division in Lakeville, Connecticut. Salisbury Bancorp is headquartered in Lakeville, Connecticut. “
Separately, FIG Partners reaffirmed an “outperform” rating and set a $51.00 price target (up from $48.50) on shares of Salisbury Bancorp in a report on Thursday, September 14th.
Shares of Salisbury Bancorp (SAL) opened at $44.00 on Friday. Salisbury Bancorp has a 52-week low of $34.35 and a 52-week high of $50.00. The stock has a market cap of $122.58, a price-to-earnings ratio of 18.33 and a beta of 0.71. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.38.
In other Salisbury Bancorp news, Director Charles M. Andola sold 800 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $45.66, for a total transaction of $36,528.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael D. Gordon sold 892 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $45.25, for a total transaction of $40,363.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,357 shares of company stock valued at $107,614. Company insiders own 19.14% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Shufro Rose & Co. LLC bought a new position in shares of Salisbury Bancorp in the 3rd quarter worth about $209,000. ZPR Investment Management bought a new stake in Salisbury Bancorp in the 2nd quarter valued at about $203,000. LSV Asset Management lifted its position in Salisbury Bancorp by 3.7% in the 2nd quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock valued at $265,000 after purchasing an additional 231 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in Salisbury Bancorp by 1.0% in the 2nd quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock valued at $975,000 after purchasing an additional 231 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Salisbury Bancorp by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock valued at $1,066,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 9.86% of the company’s stock.
About Salisbury Bancorp
Salisbury Bancorp, Inc is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs).
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